This book explores the genesis and evolution of the Anti-dumping Agreement (ADA) from the perspective of the developing countries. It also outlines the evolution of the legal provisions in the ...
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This book explores the genesis and evolution of the Anti-dumping Agreement (ADA) from the perspective of the developing countries. It also outlines the evolution of the legal provisions in the existing agreement and the current ADA in a non-technical manner from a developing country viewpoint. The use of anti-dumping in developed and developing countries in a comparative framework is explained. It then deals with various economic and non-economic justifications of anti-dumping use. The wide-ranging proposals for the reform of the World Trade Organization (WTO) anti-dumping code are reported. It finally indicates the suggestions regarding the proposals that these countries need to focus on in the current round of negotiations. It is mentioned that the Agreement and its implementation both are heavily biased against the developing countries.Less

The Anti-Dumping Agreement and Developing Countries : An Introduction

Aradhna Aggarwal

Published in print: 2007-08-09

This book explores the genesis and evolution of the Anti-dumping Agreement (ADA) from the perspective of the developing countries. It also outlines the evolution of the legal provisions in the existing agreement and the current ADA in a non-technical manner from a developing country viewpoint. The use of anti-dumping in developed and developing countries in a comparative framework is explained. It then deals with various economic and non-economic justifications of anti-dumping use. The wide-ranging proposals for the reform of the World Trade Organization (WTO) anti-dumping code are reported. It finally indicates the suggestions regarding the proposals that these countries need to focus on in the current round of negotiations. It is mentioned that the Agreement and its implementation both are heavily biased against the developing countries.

When taxes are introduced on carbon and energy, and the revenue is used to reduce other taxes, will a positive effect be achieved both for the environment and for the economy? In 1990, Finland was ...
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When taxes are introduced on carbon and energy, and the revenue is used to reduce other taxes, will a positive effect be achieved both for the environment and for the economy? In 1990, Finland was the first country that introduced a tax on CO2. Later, Sweden, Denmark, Netherlands, Slovenia, Germany, and the UK followed suit with tax reforms that shifted taxation from labour to carbon and energy. Over the years, CO2 and energy taxes have gradually been raised, so that in Europe taxes of more than 25 billion EUR a year have been shifted. In this book, these experiences with carbon‐energy taxation, along with tax‐shifting programmes lowering other taxes, are examined in detail. Availability of unique and original data, including sector‐specific energy prices and taxes, as well as the use of advanced statistical techniques, such as co‐integration analysis and panel‐regression techniques along with the time‐series‐estimated macro‐economic model – Energy–Environment–Economy model for Europe (E3ME), makes this analysis truly comprehensive. Results of the analysis show that even though the taxes implemented have been relatively modest, they have, in the countries examined, contributed to a reduction in the emissions of greenhouse gases of up to 7 per cent, while for five of the countries a small increase in economic activity is recorded as a result of the tax‐shifting, with other impacts separated out. Due to concerns for competitiveness, the largest industrial emitters of greenhouse gases within Europe continue to benefit from exemptions from the carbon‐energy taxation schemes, as outside Europe there are major emitters without any economic penalties attached to greenhouse gas emissions. On basis of the lessons from carbon‐energy taxation learned in Europe, the editors of the book indicate how carbon‐energy taxation could usefully be combined with emissions trading, and they discuss how the recommendations from IPCC for a gradually escalating carbon price could be accomplished while preventing carbon leakage.Less

Carbon-Energy Taxation : Lessons from Europe

Published in print: 2009-10-29

When taxes are introduced on carbon and energy, and the revenue is used to reduce other taxes, will a positive effect be achieved both for the environment and for the economy? In 1990, Finland was the first country that introduced a tax on CO2. Later, Sweden, Denmark, Netherlands, Slovenia, Germany, and the UK followed suit with tax reforms that shifted taxation from labour to carbon and energy. Over the years, CO2 and energy taxes have gradually been raised, so that in Europe taxes of more than 25 billion EUR a year have been shifted. In this book, these experiences with carbon‐energy taxation, along with tax‐shifting programmes lowering other taxes, are examined in detail. Availability of unique and original data, including sector‐specific energy prices and taxes, as well as the use of advanced statistical techniques, such as co‐integration analysis and panel‐regression techniques along with the time‐series‐estimated macro‐economic model – Energy–Environment–Economy model for Europe (E3ME), makes this analysis truly comprehensive. Results of the analysis show that even though the taxes implemented have been relatively modest, they have, in the countries examined, contributed to a reduction in the emissions of greenhouse gases of up to 7 per cent, while for five of the countries a small increase in economic activity is recorded as a result of the tax‐shifting, with other impacts separated out. Due to concerns for competitiveness, the largest industrial emitters of greenhouse gases within Europe continue to benefit from exemptions from the carbon‐energy taxation schemes, as outside Europe there are major emitters without any economic penalties attached to greenhouse gas emissions. On basis of the lessons from carbon‐energy taxation learned in Europe, the editors of the book indicate how carbon‐energy taxation could usefully be combined with emissions trading, and they discuss how the recommendations from IPCC for a gradually escalating carbon price could be accomplished while preventing carbon leakage.

A.B. Atkinson

Economics and Finance, Development, Growth, and Environmental, International

This book is about how much people earn and why the distribution of earnings has been changing over time. The gap between the top and bottom in the United States has widened significantly since 1980. ...
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This book is about how much people earn and why the distribution of earnings has been changing over time. The gap between the top and bottom in the United States has widened significantly since 1980. Why has this happened? Is it due to new technologies? What is the role of globalization? Are there historical precedents? The book begins with the ‘race’ between technology and education, and shows that continuing technical progress does not necessarily imply a continuing rise in dispersion. It then examines the experience of twenty OECD countries over the 20th century, material presented in the form of twenty country case studies. The book breaks new ground in assembling data on the distribution of individual earnings covering much of the 20th century and drawing on a variety of under-exploited sources. The findings overturn a number of widely-held beliefs. It is not the earnings of the low paid that have been most affected by the recent changes; widening is largely due to what is happening at the top. The recent rise in earnings dispersion is not unprecedented, but should be seen as part of a longer-run history of successive compression and expansion of earnings differences.Less

The Changing Distribution of Earnings in OECD Countries

A.B. Atkinson

Published in print: 2008-05-01

This book is about how much people earn and why the distribution of earnings has been changing over time. The gap between the top and bottom in the United States has widened significantly since 1980. Why has this happened? Is it due to new technologies? What is the role of globalization? Are there historical precedents? The book begins with the ‘race’ between technology and education, and shows that continuing technical progress does not necessarily imply a continuing rise in dispersion. It then examines the experience of twenty OECD countries over the 20th century, material presented in the form of twenty country case studies. The book breaks new ground in assembling data on the distribution of individual earnings covering much of the 20th century and drawing on a variety of under-exploited sources. The findings overturn a number of widely-held beliefs. It is not the earnings of the low paid that have been most affected by the recent changes; widening is largely due to what is happening at the top. The recent rise in earnings dispersion is not unprecedented, but should be seen as part of a longer-run history of successive compression and expansion of earnings differences.

This book features case studies on national patterns of local production systems, focusing on small- and medium-sized enterprises (SMEs) in France, Germany, Italy, and the UK. It is divided into ...
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This book features case studies on national patterns of local production systems, focusing on small- and medium-sized enterprises (SMEs) in France, Germany, Italy, and the UK. It is divided into three parts. Part I analyses the two cases that dominated the initial, 1980s industrial district literature: Emilia-Romagna and Baden Wurttemberg; and the machinery industry. Part II focuses on pre-crisis, large-firm, Fordist specialization. Part III presents examples of new industries where SME clusters are important: the biopharmaceutical industries around Oxford, the media sector in Cologne, information technology in Pisa, and computer technologies in Grenoble.Less

Changing Governance of Local Economies : Responses of European Local Production Systems

Published in print: 2004-02-26

This book features case studies on national patterns of local production systems, focusing on small- and medium-sized enterprises (SMEs) in France, Germany, Italy, and the UK. It is divided into three parts. Part I analyses the two cases that dominated the initial, 1980s industrial district literature: Emilia-Romagna and Baden Wurttemberg; and the machinery industry. Part II focuses on pre-crisis, large-firm, Fordist specialization. Part III presents examples of new industries where SME clusters are important: the biopharmaceutical industries around Oxford, the media sector in Cologne, information technology in Pisa, and computer technologies in Grenoble.

The 2008 financial crisis triggered the worst global recession since the Great Depression. Many OECD countries responded to the crisis by reducing social spending. Through eleven diverse country case ...
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The 2008 financial crisis triggered the worst global recession since the Great Depression. Many OECD countries responded to the crisis by reducing social spending. Through eleven diverse country case studies (Belgium, Germany, Greece, Hungary, Ireland, Italy, Japan, Spain, Sweden, United Kingdom, and the United States), this volume describes the evolution of child poverty and material well-being during the crisis, and links these outcomes with the responses by governments. The analysis underlines that countries with fragmented social protection systems were less able to protect the incomes of households with children at the time when unemployment soared. In contrast, countries with more comprehensive social protection cushioned the impact of the crisis on households with children, especially if they had implemented fiscal stimulus packages at the onset of the crisis. Although the macroeconomic ‘shock’ itself and the starting positions differed greatly across countries, while the responses by governments covered a very wide range of policy levers and varied with their circumstances, cuts in social spending and tax increases often played a major role in the impact that the crisis had on the living standards of families and children.Less

Children of Austerity : Impact of the Great Recession on Child Poverty in Rich Countries

Published in print: 2017-04-13

The 2008 financial crisis triggered the worst global recession since the Great Depression. Many OECD countries responded to the crisis by reducing social spending. Through eleven diverse country case studies (Belgium, Germany, Greece, Hungary, Ireland, Italy, Japan, Spain, Sweden, United Kingdom, and the United States), this volume describes the evolution of child poverty and material well-being during the crisis, and links these outcomes with the responses by governments. The analysis underlines that countries with fragmented social protection systems were less able to protect the incomes of households with children at the time when unemployment soared. In contrast, countries with more comprehensive social protection cushioned the impact of the crisis on households with children, especially if they had implemented fiscal stimulus packages at the onset of the crisis. Although the macroeconomic ‘shock’ itself and the starting positions differed greatly across countries, while the responses by governments covered a very wide range of policy levers and varied with their circumstances, cuts in social spending and tax increases often played a major role in the impact that the crisis had on the living standards of families and children.

Chinese cyber espionage is commonly portrayed in the West as a major threat to economic and national security. From China’s perspective, the United States poses a major cyberthreat to other countries ...
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Chinese cyber espionage is commonly portrayed in the West as a major threat to economic and national security. From China’s perspective, the United States poses a major cyberthreat to other countries because of its outsized influence over the Internet, willingness to use cyber weapons against its adversaries, and exploitation of major firms like Microsoft and Google for intelligence. Mistrust and confusion have complicated Internet politics on both sides of the Pacific. To get beyond the hype, an understanding of China and cybersecurity requires a combination of international and interdisciplinary perspectives. This book brings a balance of technical, political, economic, legal, and strategic analysis by authors from China, the United States, Canada, and the United Kingdom. Even though the contributors to this volume do not always agree with one another—an important point in itself—they reveal underlying political and economic dynamics that will remain relevant even as new facts and opinions emerge in a fast-changing domain. This volume contributes substantively to our understanding of China and cybersecurity, both complex topics on their own, by exploring how China’s domestic political and economic system shapes its cyber activities. The collaboration also stands as an example of how Chinese and Western experts can work together to improve trust and understanding in an area of great mutual concern.Less

China and Cybersecurity : Espionage, Strategy, and Politics in the Digital Domain

Published in print: 2015-05-01

Chinese cyber espionage is commonly portrayed in the West as a major threat to economic and national security. From China’s perspective, the United States poses a major cyberthreat to other countries because of its outsized influence over the Internet, willingness to use cyber weapons against its adversaries, and exploitation of major firms like Microsoft and Google for intelligence. Mistrust and confusion have complicated Internet politics on both sides of the Pacific. To get beyond the hype, an understanding of China and cybersecurity requires a combination of international and interdisciplinary perspectives. This book brings a balance of technical, political, economic, legal, and strategic analysis by authors from China, the United States, Canada, and the United Kingdom. Even though the contributors to this volume do not always agree with one another—an important point in itself—they reveal underlying political and economic dynamics that will remain relevant even as new facts and opinions emerge in a fast-changing domain. This volume contributes substantively to our understanding of China and cybersecurity, both complex topics on their own, by exploring how China’s domestic political and economic system shapes its cyber activities. The collaboration also stands as an example of how Chinese and Western experts can work together to improve trust and understanding in an area of great mutual concern.

Since 1978 China has been remarkably successful in reducing the CO2 intensity of GDP and industry. The book shows how China’s industrial and technology policies affecting four energy-intensive ...
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Since 1978 China has been remarkably successful in reducing the CO2 intensity of GDP and industry. The book shows how China’s industrial and technology policies affecting four energy-intensive industries—aluminum, cement, iron and steel, and paper—have transformed industrial structure within these industries and technological capabilities within enterprises in these industries, and how both types of changes have put each of these industries on substantially lower CO2 emissions trajectories. These conclusions are demonstrated through four lines of analysis. The first is several detailed enterprise-level case studies to document the link between enterprise-level investments in technological learning and CO2 intensity. The second is econometric analysis using a KLEM-type model of energy intensity and a large database of enterprises to formally test the hypothesis that enterprises’ own investments in technology learning contributed to lower energy intensities. Third is a comparison of China’s experience in one industry, cement, to that industry in Indonesia, where concern for technological catch-up and energy efficiency has been less pressing. Finally, the book provides industry-wide estimates of CO2 savings from specific technological innovations in each of the four industries and compares them to a business-as-usual scenario. The estimates show that CO2 emissions in these four industries were 45% lower than they would have been in the absence of the technological changes identified. If these CO2 savings had not occurred, the world’s CO2 emissions would have been 10% higher in 2010.Less

Michael T. RockMichael Toman

Published in print: 2015-03-02

Since 1978 China has been remarkably successful in reducing the CO2 intensity of GDP and industry. The book shows how China’s industrial and technology policies affecting four energy-intensive industries—aluminum, cement, iron and steel, and paper—have transformed industrial structure within these industries and technological capabilities within enterprises in these industries, and how both types of changes have put each of these industries on substantially lower CO2 emissions trajectories. These conclusions are demonstrated through four lines of analysis. The first is several detailed enterprise-level case studies to document the link between enterprise-level investments in technological learning and CO2 intensity. The second is econometric analysis using a KLEM-type model of energy intensity and a large database of enterprises to formally test the hypothesis that enterprises’ own investments in technology learning contributed to lower energy intensities. Third is a comparison of China’s experience in one industry, cement, to that industry in Indonesia, where concern for technological catch-up and energy efficiency has been less pressing. Finally, the book provides industry-wide estimates of CO2 savings from specific technological innovations in each of the four industries and compares them to a business-as-usual scenario. The estimates show that CO2 emissions in these four industries were 45% lower than they would have been in the absence of the technological changes identified. If these CO2 savings had not occurred, the world’s CO2 emissions would have been 10% higher in 2010.

The book takes stock and looks ahead on the development and implementation of competition policy in the European Union (EU) fifty years after the Treaty of Rome. Competition policy has emerged as a ...
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The book takes stock and looks ahead on the development and implementation of competition policy in the European Union (EU) fifty years after the Treaty of Rome. Competition policy has emerged as a key policy in the EU, since today there is consensus that competition is the driving force for economic efficiency and the welfare of citizens. In this period, merger control has been introduced (in 1989) and reformed (in 2004); case law has established Articles 81 and 82 as fundamental tools to control and prevent anti-competitive behavior; state aid control has consolidated and evolved towards a more economic approach; and the authority of the EC and the judicial review of the Court of First Instance (CFI) and the European Court of Justice (ECJ) are firmly established. The book provides an account of the more economic approach to competition policy and reflects the main areas of interest, learning, open issues, and progress in the area: the design of competition policy institutions; the evolution of the implementation of competition policy and its convergence or divergence with US practice; restrictive practices, cartels, abuse of dominance, merger control, state aids, the interaction of competition policy, and regulation; and studies its application to telecoms, banking, and energy sectors. All the chapters are covered by top specialists combining theoretical with practical knowledge and discussing the economic underpinnings of the application of the law and the main cases.Less

Competition Policy in the EU : Fifty Years on from the Treaty of Rome

Published in print: 2009-08-06

The book takes stock and looks ahead on the development and implementation of competition policy in the European Union (EU) fifty years after the Treaty of Rome. Competition policy has emerged as a key policy in the EU, since today there is consensus that competition is the driving force for economic efficiency and the welfare of citizens. In this period, merger control has been introduced (in 1989) and reformed (in 2004); case law has established Articles 81 and 82 as fundamental tools to control and prevent anti-competitive behavior; state aid control has consolidated and evolved towards a more economic approach; and the authority of the EC and the judicial review of the Court of First Instance (CFI) and the European Court of Justice (ECJ) are firmly established. The book provides an account of the more economic approach to competition policy and reflects the main areas of interest, learning, open issues, and progress in the area: the design of competition policy institutions; the evolution of the implementation of competition policy and its convergence or divergence with US practice; restrictive practices, cartels, abuse of dominance, merger control, state aids, the interaction of competition policy, and regulation; and studies its application to telecoms, banking, and energy sectors. All the chapters are covered by top specialists combining theoretical with practical knowledge and discussing the economic underpinnings of the application of the law and the main cases.

This book gives an analytical account of the technology for the monetary policy implementation of the European Central Bank. The issue is looked at from different perspectives, corresponding to ...
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This book gives an analytical account of the technology for the monetary policy implementation of the European Central Bank. The issue is looked at from different perspectives, corresponding to different chapters. The first chapter addresses the issue from a theoretical point of view, taking both a positive and a normative approach and considering both normal and stressed conditions. The stabilization of a short-term rate of interest in normal conditions and the countering of liquidity risk in a financial crisis are considered the objectives of monetary policy implementation. The approach in the second chapter is historical, presenting a narrative of the creation of the framework for the implementation of monetary policy in the euro area. The analysis turns to empirical tools in the third chapter, where the experience of actually working with the technology for monetary policy implementation is dealt with. Finally a forward-looking approach is taken in the last, short chapter, which attempts to identify the future challenges of monetary policy implementation. Each chapter, except for the fourth, is written by different authors but both the editors and the authors have strived to present an organic analysis of the issue in which the different approaches complement each other. The book is by no means an official account, but could definitely not have been written had the authors not been so closely associated with the implementation of monetary policy in the euro area.Less

The Concrete Euro : Implementing Monetary Policy in the Euro Area

Published in print: 2011-01-27

This book gives an analytical account of the technology for the monetary policy implementation of the European Central Bank. The issue is looked at from different perspectives, corresponding to different chapters. The first chapter addresses the issue from a theoretical point of view, taking both a positive and a normative approach and considering both normal and stressed conditions. The stabilization of a short-term rate of interest in normal conditions and the countering of liquidity risk in a financial crisis are considered the objectives of monetary policy implementation. The approach in the second chapter is historical, presenting a narrative of the creation of the framework for the implementation of monetary policy in the euro area. The analysis turns to empirical tools in the third chapter, where the experience of actually working with the technology for monetary policy implementation is dealt with. Finally a forward-looking approach is taken in the last, short chapter, which attempts to identify the future challenges of monetary policy implementation. Each chapter, except for the fourth, is written by different authors but both the editors and the authors have strived to present an organic analysis of the issue in which the different approaches complement each other. The book is by no means an official account, but could definitely not have been written had the authors not been so closely associated with the implementation of monetary policy in the euro area.

China is an abnormal economic power. No country has grown so rapidly for so long and in such an extreme manner. Media coverage has soared because China’s rise is now challenging the world’s balance ...
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China is an abnormal economic power. No country has grown so rapidly for so long and in such an extreme manner. Media coverage has soared because China’s rise is now challenging the world’s balance of power. Yet one is as likely to read about a possible financial crisis as its emergence as the world’s largest economy. But much of the analysis is flawed, as are many of the policy prescriptions. China’s unbalanced growth, for example, is seen as a risk but in reality is a virtue. Its soaring debt levels are perceived as signaling a financial collapse but can also be interpreted as evidence of financial deepening. Its trade and foreign investment initiatives are blamed for exacerbating America’s economic decline, even though there is little connection between the two. The factors that have influenced broader concerns, such as corruption and political liberalization, are often misunderstood. And Beijing’s foreign policies in Asia need to be deciphered and dealt with differently if there is to be any hope of moderating geopolitical tensions with the United States and its regional allies. Explaining why there is such extreme variation in views and why the conventional wisdom is so often wrong is the theme of this book. Observers see China’s rise through multiple lenses. Geopolitical differences in values and mistrust is part of the explanation, but differing analytical frameworks, along with China’s size and complexity, are the major reasons. Understanding these differences is critical to forging more constructive relations between China and the rest of the world.Less

Yukon Huang

Published in print: 2017-08-31

China is an abnormal economic power. No country has grown so rapidly for so long and in such an extreme manner. Media coverage has soared because China’s rise is now challenging the world’s balance of power. Yet one is as likely to read about a possible financial crisis as its emergence as the world’s largest economy. But much of the analysis is flawed, as are many of the policy prescriptions. China’s unbalanced growth, for example, is seen as a risk but in reality is a virtue. Its soaring debt levels are perceived as signaling a financial collapse but can also be interpreted as evidence of financial deepening. Its trade and foreign investment initiatives are blamed for exacerbating America’s economic decline, even though there is little connection between the two. The factors that have influenced broader concerns, such as corruption and political liberalization, are often misunderstood. And Beijing’s foreign policies in Asia need to be deciphered and dealt with differently if there is to be any hope of moderating geopolitical tensions with the United States and its regional allies. Explaining why there is such extreme variation in views and why the conventional wisdom is so often wrong is the theme of this book. Observers see China’s rise through multiple lenses. Geopolitical differences in values and mistrust is part of the explanation, but differing analytical frameworks, along with China’s size and complexity, are the major reasons. Understanding these differences is critical to forging more constructive relations between China and the rest of the world.

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see http://www.oxfordscholarship.com/page/privacy-policy).date: 18 August 2017